Senate Bill No. 162, introduced by Senator Reese, seeks to amend Louisiana's sales and use tax laws by redefining key terms and establishing new administrative structures. The bill expands the definition of "dealer" to include individuals or entities selling tangible personal property, digital products, or services into Louisiana without a physical presence, provided their gross revenue exceeds $100,000 in the current or previous calendar year. It also creates the Louisiana Sales and Use Tax Commission for Remote Sellers, which will oversee the collection of sales taxes on remote sales. Additionally, the bill introduces vendor compensation as a deductible expense against tax due for timely filed returns and clarifies registration requirements for remote sellers.

Moreover, the legislation repeals the definition of "non-remote sale" and updates references to economic nexus thresholds to align with federal law. It modifies the definition of a marketplace facilitator by excluding individuals facilitating rental car services while maintaining the requirement for these facilitators to collect and remit sales taxes once they exceed the $100,000 revenue threshold. The bill aims to streamline the sales tax process for remote sellers and enhance tax collection efficiency in Louisiana, taking effect upon the governor's signature or the lapse of time for gubernatorial action.

Statutes affected:
SB162 Original: 47:301(4), 47:302(V)(1), 47:339(A)(2), 47:340(G)(6), 47:1(A)(4)